SMART MONEY: Social Security Administration is a valuable resource

DEAR BRUCE: I am trying to prepare for my senior years. Where can I go to get some good advice on Social Security? Is it wise to talk to the Social Security Administration or should I speak to someone not associated with them? — Reader

DEAR READER: You are wise to prepare for making decisions in regard to Social Security well in advance and not just make them as the time comes up. There are a number of good books available at the library, and you should take advantage of them.

In addition, by all means make an appointment to meet with a representative from Social Security who can explain the various choices. It is a very good source of information and should not be overlooked.

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DEAR BRUCE: What does it mean when furniture commercials say, “Buy now and pay no interest until so-and-so years”? — Jake

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DEAR JAKE: What they are telling you is that from the time you buy, up until an agreed-upon time in the future, you will pay no interest. However, if you do not make your payments at that pre-arranged time, then the interest goes back to square one.

Be very careful. Try and pay a month in advance to be certain you don’t get behind. And be sure that the interest is packed into the price.

— Send questions to bruce@brucewilliams.com. Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided. The Bruce Williams Radio Show can now be heard 24/7 via iTunes and at www.taeradio.com. It is also available at www.brucewilliams.com.